Mentioned:
Ondas Holdings is pouring more cash into a publicly traded drone technology company. But, why?
What’s happening:
- Safe Pro Group (NASDAQ: SPAI) has successfully raised $14M USD in a new equity financing round
- The new round was led by Ondas Holdings (NASDAQ: ONDS)
Why it matters:
- This is the second time Ondas Holdings has made a direct investment into Safe Pro Group, previously leading an $8M USD equity financing round alongside of Unusual Machines (NYSE: UMAC)
Going deeper:
- Unusual Machines, Ondas Holdings and Safe Pro Group also previously formed a strategic partnership in which they will share data and pursue projects together in the United States, Ukraine and other NATO countries
- Safe Pro Group has used their artificial intelligence drone imagery software to detect more than 36,000 explosive threats in conflict zones in Ukraine which include both landmines and unexploded ordnance
